Tao Heung Holdings (HKSE:00573) Debt-to-Equity : 0.44 (As of Dec. 2023)

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What is Tao Heung Holdings Debt-to-Equity?

Tao Heung Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$214 Mil. Tao Heung Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$330 Mil. Tao Heung Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,233 Mil. Tao Heung Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Tao Heung Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00573' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.31 Max: 0.64
Current: 0.44

During the past 13 years, the highest Debt-to-Equity Ratio of Tao Heung Holdings was 0.64. The lowest was 0.10. And the median was 0.31.

HKSE:00573's Debt-to-Equity is ranked better than
76.24% of 303 companies
in the Restaurants industry
Industry Median: 0.94 vs HKSE:00573: 0.44

Tao Heung Holdings Debt-to-Equity Historical Data

The historical data trend for Tao Heung Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tao Heung Holdings Debt-to-Equity Chart

Tao Heung Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.63

0.64

0.53

0.52

0.44

Tao Heung Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.53	0.63	0.52	0.46	0.44

Competitive Comparison of Tao Heung Holdings's Debt-to-Equity

For the Restaurants subindustry, Tao Heung Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tao Heung Holdings's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tao Heung Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tao Heung Holdings's Debt-to-Equity falls into.

Tao Heung Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tao Heung Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(213.952	+	329.858)	/	1233.034
	=	0.44

Tao Heung Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(213.952	+	329.858)	/	1233.034
	=	0.44

Tao Heung Holdings (HKSE:00573) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Tao Heung Holdings Debt-to-Equity Related Terms

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Tao Heung Holdings (HKSE:00573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tao Heung Holdings Ltd (HKSE:00573) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BVI:Germany

Address

Number 18 Dai Fat Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.taoheung.com.hk

Tao Heung Holdings Ltd is a Hong Kong-based company engaged in the provision of food catering services through a chain of restaurants. It is also engaged in chilled and packaged food, bakery operations, production, sale and distribution of food products and other items related to restaurant operations and provision of poultry farm operations. Group operates restaurants under Tao heung, Tao Square, and Tai Cheong Bakery brands. The company operates businesses in Hong Kong and Mainland China of which Hong Kong accounts for a larger share of the company revenue.

Executives

Chung Wai Ping	2101 Beneficial owner
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Wong Ka Wing
Perfect Plan International Limited
Café De Coral Development Limited
Café De Coral Holdings Limited

Tao Heung Holdings (HKSE:00573) Headlines

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